There Appears To Be Political Wrangling About Adult Use Regulated Cannabis In France

Earlier today we picked up on a report quoting the Transport Minister saying that adult use was off the table. A matter of hours later the Financial Times (UK) is reporting, “French MPs, including members of Emmanuel Macron’s party, are seeking to introduce a bill to legalise the distribution and use of cannabis, a move government experts say could raise as much as €2.8bn in additional annual tax receipts.”

French MPs, including members of Emmanuel Macron’s party, are seeking to introduce a bill to legalise the distribution and use of cannabis, a move government experts say could raise as much as €2.8bn in additional annual tax receipts.

The group, which includes five MPs from the ruling La Republique en Marche party, said on Thursday that “the creation of a monopoly for the production and sale of cannabis through the creation of a national company [ . . .], will regulate production and sales while controlling consumption”. The legislative initiative comes as the Council of Economic Analysis, which advises the French prime minister on economic policies, published a report recommending the government create a “public monopoly of cannabis production and distribution”.

Read the full report  at https://www.ft.com/content/df0c4b88-936c-11e9-aea1-2b1d33ac3271

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Author: Sean Hocking
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